Raoul Pal: "Bitcoin is the bet best I have ever seen in my career". Sets $250K target

johnarb said:
My friend, you're back again, touting your dev skills or is it your OG entry into bitcoin cryptos and that you sold your bag at what? $500/btc, come on man, you sold we're at ATH now, you missed out, you can't do anything about it, but you can't ruin our partie$, we're having the time of our life!!! WSB hangover got you down?
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You keep posting bitcoin is worth $0 and I keep checking and it's not, so your posts are worthless, no offense
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i got it for free it's call bitcoin faucet jealous now? well i'm a no coiner now and part of the buttcoin cults

$0 and goodluck
 
virtusa said:
You don't even understand that he can never be on the other side of the trade. You need to find an idiot to be on the other side of the trade. @ET180 does not believe in crypto's so will surely never buy or sell them.
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That says everything about the potential of the trade. Everytime you are super afraid of shorting something, you ought to consider being long
 
Opcodes said:
i got it for free it's call bitcoin faucet jealous now? well i'm a no coiner now and part of the buttcoin cults

$0 and goodluck
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I think the cult is actually more on the anti-Bitcoin crowd, I see far more constant screaming and lunacy from their end than the other. Plus, the (not short) bears tend to talk from a basis of little understanding because the common denominator amongst them all is they have no idea to judge if/when they're wrong. So if price goes a lot higher we'll all hear the same copy/paste comments that we've been hearing for years now - ponzi, tulips, NSA/IRS double secret plan, excess power usage, no utility, governments will ban it (proves it's really working!) tether printing etc.

In contrast most sensible Bitcoin longs have a basis for where they will be wrong, that being Bitcoin trading at less than $1,000 for a rolling 12 month period and/or a steadily declining hash rate lasting a similar time period. Up and till that time, holding Bitcoin looks to be a sensible play and this is why many of the worlds top money managers are starting to warm to holding Bitcoin or are already long. Note that none of them are saying fill yer boots, instead saying a 1%-5% allocation might make lots of sense as we're fast heading into a digital economy. Also, a 1% or 2% Bitcoin buy is a pretty good hedge against the fact that it might really work even if people don't think it will.

So until we can nail the Bitcoin casket shut, Bitcoin is very much alive and in a hell of a tenacious trend. Anyone who bets against a tenacious trend (logarithmic), not that 99% of the Bitcoin bears are betting against that (telling), has probabilities working against them, and that's a lethal way to analyse or trade any market.
 
AbbotAle said:
I think the cult is actually more on the anti-Bitcoin crowd, I see far more constant screaming and lunacy from their end than the other. Plus, the (not short) bears tend to talk from a basis of little understanding because the common denominator amongst them all is they have no idea to judge if/when they're wrong. So if price goes a lot higher we'll all hear the same copy/paste comments that we've been hearing for years now - ponzi, tulips, NSA/IRS double secret plan, excess power usage, no utility, governments will ban it (proves it's really working!) tether printing etc.
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You nailed, if these skeptics had wrote down the price of BTC when they first uttered their criticism and opened a 5-10% "virtual short" on the BTCUSD pair, they would be down so much. Maybe even more than their whole networth. Its the fact that they have no skin in the game that enables them to continue being out of touch with reality. The longs on the other hand, as a long as they rebalance/cashout some ships off the table from time to time are likely to make money EVEN IF BTC eventually shows to be flawled
 
maxinger said:
different people have different opinions.

To me, it is too late to long it now (unless
there is day trading opportunity).

To some others, it is not too late to long it
as they think the price might go to 100 000, 250 000, 1 000 000 or beyond.
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At any price the above statement can be made.unless you’re Johnny mo f**cking Arb. He has stuck to his guns from day 1.
 
Opcodes said:
i got it for free it's call bitcoin faucet jealous now? well i'm a no coiner now and part of the buttcoin cults

$0 and goodluck
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Thank you for the goodluck, very thankful for the bitcoin blessings especially this year.

It matters not how much you got your bitcoins for (you said you got in at $50, now you're changing it, there's a big difference in time between the 2), if you got them for free 5 at a time by visiting a website, most of those people who got bitcoins for so cheap spent them on drugs, gambled them on online dice, or sold them for less than $1000.

I wasn't so lucky, I first started buying at $100 but I valued them as if they as were our last possessions, since we went into more debts for them.

My friend, how about signing a message on one of those old bitcoin addresses you had with a message "Opcodes 12/2020"?

It's not like I'm doubting you or anything since everything you read on the internet is true...
 
ET180 said:
Also, I've never seen anyone push a product like Bitcoin. I see Bitcoin pumping threads published by bots show up in random Youtube videos where Bitcoin never even once came up in the video. Here's an example from a video published yesterday. I never see holders of Tesla, Apple, gold, or any other product that has a cult following resort to this...only Bitcoin.

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Wassup with YT bots
Random music video/mash, of old soundtracks from the movies, from a channel with 300 subscribers
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Difference 2 years between same messages.

Same guy making alts just to post this ? Doesn't make sense.

Video :

 
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